Russian gas giant Gazprom booked a net income for the third quarter versus a loss a year earlier, when it was hit by a one-off tax for the Russian budget. Gazprom, which in 2023 booked its first annual net loss in 23 years on the plunge of its gas sales to Europe, has started making profits again in recent months. Last year, Gazprom returned to a yearly profit, earning the equivalent of $14.8 billion. For the third quarter of this year, the Russian gas giant reported on Friday a net income of $1.72 billion (134.2 billion Russian rubles). This compares…

Crude oil is holding gains ahead of Sunday's OPEC+ meeting, while U.S. natural gas prices have spiked on the news of a new U.S. LNG export record. Friday, November 28, 2025 As Russia-Ukraine peace talks drag on, dampening last week’s hopes that a swift resolution could be around the corner, ICE Brent has settled comfortably around $63 per barrel by the end of this week. Low US traded volumes on the back of Thanksgiving, exacerbated by a once-in-a-decade CME blackout, have added to the pricing lull. OPEC+ is an unlikely candidate to sway sentiment…

Germany will plead with the EU to allow plug-in hybrids and highly efficient conventional cars to be sold in the bloc even after the effective ban on gasoline and diesel passenger cars in 2035, Chancellor Friedrich Merz said on Friday as the government looks to prop up its massive but currently ailing auto manufacturing industry. The ruling coalition in Germany has decided to seek some exemptions from the hard deadline of 2035, the chancellor of Europe’s biggest economy said on Friday. In 2023, the EU member states approved an emissions regulation…

Oversupplied markets will keep oil prices under pressure next year, and the U.S. benchmark will average below $60 per barrel, the monthly Reuters poll of analysts and economists showed on Friday. The U.S. benchmark, WTI Crude, is expected to average $59 per barrel in 2026, according to the poll of 35 analysts and economists. That’s lower compared to the $60.23 per barrel forecast in last month’s survey. The analysts expect Brent Crude, the international benchmark, to average $62.23 per barrel next year, down from $63.15 forecast in…

Subsidies and Contracts for Difference (CfD) that the UK government has promised to the two projects for new nuclear power stations are expected to add $1.32 billion (£1 billion) annually to the UK power bills from around 2030, The Telegraph reports, citing documents by the Treasury and the Office for Budget Responsibility (OBR).   The Hinkley Point C nuclear power station, developed by EDF, is expected to begin generating electricity in 2030-31, after years of delays and cost overruns. That year, CfD is expected to generate $6.1 billion…

Subsidies and Contracts for Difference (CfD) that the UK government has promised to the two projects for new nuclear power stations are expected to add $1.32 billion (£1 billion) annually to the UK power bills from around 2030, The Telegraph reports, citing documents by the Treasury and the Office for Budget Responsibility (OBR).   The Hinkley Point C nuclear power station, developed by EDF, is expected to begin generating electricity in 2030-31, after years of delays and cost overruns. That year, CfD is expected to generate $6.1 billion…